TD Asset Management Inc Increases Position in CoreWeave Inc. $CRWV

TD Asset Management Inc increased its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 109.7% during the 4th quarter, Holdings Channel reports. The firm owned 105,853 shares of the company’s stock after acquiring an additional 55,373 shares during the period. TD Asset Management Inc’s holdings in CoreWeave were worth $7,580,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in CoreWeave in the 3rd quarter worth $27,000. Aspect Partners LLC purchased a new stake in CoreWeave in the 3rd quarter worth $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CoreWeave during the 3rd quarter valued at about $30,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave landed a major $6 billion AI cloud agreement with Jane Street, including a $1 billion equity investment, reinforcing demand for its infrastructure and supporting the long-term growth story. CoreWeave Jane Street AI Cloud Pact Reframes Growth And Valuation Story
• Positive Sentiment: Analyst sentiment remains constructive, with most ratings at Buy and an average price target above recent trading levels, suggesting Wall Street still sees upside if execution holds. Why CoreWeave (CRWV) is a Strategically Important firm in AI Infrastructure?
• Neutral Sentiment: The company is exploring financing options in the European high-yield bond market, which may help fund AI infrastructure expansion but also underscores ongoing capital needs. CoreWeave Explores European Bond Market as AI Infrastructure Funding Accelerates
• Neutral Sentiment: Short interest data showed no meaningful change in reported shares, so this does not appear to be a major near-term trading catalyst. CoreWeave stock slips: What’s happening today?
• Negative Sentiment: Reports that CoreWeave founders have sold $2.3 billion in planned stock sales since the IPO may raise investor concerns about insider confidence and supply overhang. CoreWeave founders sold $2.3B in planned stock sales since IPO: report
• Negative Sentiment: Recent articles highlight that CRWV has fallen sharply over the past year, and the stock’s valuation remains under scrutiny despite strong AI growth prospects. CoreWeave Stock Tumbles 34% in a Year: What Should Investors Do Now?

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $122.38, for a total transaction of $24,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,876,815 shares of the company’s stock, valued at approximately $474,444,619.70. The trade was a 4.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 112,111 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $130.56, for a total transaction of $14,637,212.16. Following the completion of the sale, the insider directly owned 241,920 shares in the company, valued at $31,585,075.20. This trade represents a 31.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,161,017 shares of company stock worth $3,069,845,030.

CoreWeave Price Performance

NASDAQ:CRWV opened at $98.45 on Wednesday. The firm has a market capitalization of $44.06 billion, a price-to-earnings ratio of -31.66 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $106.51 and a 200-day simple moving average of $92.00. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.60) EPS. Equities analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWV. Mizuho lifted their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. DA Davidson restated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, March 24th. Sanford C. Bernstein upped their price objective on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Finally, BNP Paribas Exane started coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price for the company. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.52.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.